Ethics in Accounting: Navigating Challenges & Safeguarding Integrity
Update: 2025-02-02
Description
Ethical conduct is the backbone of the accounting profession. This episode explores how accountants play a vital role in protecting the public interest by ensuring transparency and fairness in financial reporting. We discuss the serious consequences of unethical behavior and break down the five key threats to objectivity and independence: ✅ Self-Interest Threat – Personal gain influencing decisions ✅ Self-Review Threat – Evaluating one’s own work ✅ Advocacy Threat – Promoting a client’s posit...
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